Western Union CO·4/A

Mar 11, 6:25 PM ET

Axelrod Cherie 4/A

Research Summary

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Western Union (WU) Cherie Axelrod Receives Award

What Happened
Cherie Axelrod, Chief Enterprise Risk Officer at Western Union (WU), was granted a total of 69,562 restricted stock units (RSUs) on March 2, 2026. The awards consist of 41,737 performance-based RSUs (vests in full on March 2, 2029) and 27,825 time-based RSUs (vests in three substantially equal installments on March 2, 2027, 2028 and 2029). The grants were reported at $0.00 per share (award grant), so no cash was paid for these shares at grant.

Key Details

  • Transaction date: March 2, 2026 (reported via an amended Form 4 filed March 11, 2026). Transaction code: A (award/grant).
  • Award breakdown: 41,737 performance-based RSUs (vest 3/2/2029) and 27,825 time-based RSUs (vest 3/2/2027–3/2/2029).
  • Reported acquisition price: $0.00 (standard for RSU grants); reported cash value at grant: $0.
  • Shares owned after transaction: Not disclosed in the amended filing.
  • Footnotes: F1 = performance-based RSUs vesting in full on 3/2/2029; F2 = RSUs vesting in three substantially equal installments on 3/2/2027, 2028, 2029, each subject to continued employment and award agreement termination provisions.
  • Filing status: This is an amendment filed to correct an earlier Form 4 (the March 4, 2026 filing had inadvertently overreported the number of RSUs).

Context
These awards are restricted stock units that vest over time (and, for a portion, based on performance). RSU grants do not involve an immediate purchase or sale of stock and do not by themselves indicate a decision to buy or sell shares on the open market. The amended filing corrects the reported grant quantity; the underlying awards remain subject to standard vesting and employment conditions.